Real Estate Kogarah, NSW, 2217 Bayside (NSW)

Thinking about buying in Kogarah? Now could not be a better time, with a whopping 13408 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,345,000 with prices in this suburb ranging from $37,000 to $51,003,000.

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Kogarah Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Kogarah due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Kogarah changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Kogarah to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.